Kota Kinabalu: State Finance Minister Datuk Seri Masidi Manjun called for stronger collaboration between government agencies and Sabah Credit Corporation (SCC) to enhance financial service delivery and build a more robust and sustainable financial ecosystem in Sabah.
He said closer inter-agency cooperation would enable better integration of financial solutions into development initiatives and socio-economic programmes, ensuring broader and more inclusive impact for the people of Sabah.
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His speech was delivered by Assistant Minister Datuk Mohd Ishak Ayub at the SCC Business Partners’ Appreciation Dinner held recently.
Masidi said SCC’s continued performance demonstrates the importance of strategic partnerships between public institutions, the private sector and government agencies working towards shared objectives.
“It demonstrates what can be achieved when all parties work together with a shared vision and common objectives,” he said.
He emphasised that SCC should serve as a benchmark of institutional excellence underpinned by sound financial management, strong leadership and good governance.
Meanwhile, SCC recorded an unaudited profit before tax of RM134.5 million in 2025, an increase of RM17.5 million from the previous year, with total assets growing to RM4.03 billion.
Chief Executive Officer Datuk George Taitim Tulas said the corporation approved loans amounting to RM1.667 billion last year, with RM1.03 billion released to 27,524 clients across personal, commercial, socio-economic and entrepreneur development portfolios, including government projects.
Since 2024, SCC has released RM512.84 million to finance 6,394 housing developments and contract works, including RM312 million for 4,021 SMJ Rumah Mesra houses and RM39.22 million for 1,014 PPRT houses.
A further RM160.79 million was disbursed to small Class F contractors undertaking State Government projects.
George said technology and digital transformation remain central to SCC’s growth strategy.
Sabah Pay, a centralised government revenue collection platform linking over 52 agencies, has collected RM120 million for the State to date.
SCC’s citizen platform Yono currently has 74,428 active users and 600 merchants, supporting more than 25 mini-apps with DuitNow integration, enhanced eKYC and e-wallet facilities.
He said SCC maintains strong financial fundamentals, with its rating upheld at AA1, P1 and a Gross Non-Performing Loan ratio of 1.96 per cent, supported by a 130.48 per cent coverage ratio.
“Through its Sukuk programme, SCC manages investments totalling RM2.49 billion.
“Share capital and reserves increased by RM83 million to RM995 million in 2025 and are expected to surpass the RM1 billion mark ahead of its 2027 target,” he said.
With its positive results, SCC contributed RM1.78 million in zakat, RM143.81 million in government loan interest payments and RM367.38 million in dividends, including tax credits, while RM83.9 million was channelled into 900 corporate social responsibility projects statewide.
Looking ahead, George said SCC plans to expand into unit trust, Ar-Rahnu, crowd funding, digital lending and seek its own e-money licence from Bank Negara Malaysia to further strengthen financial inclusion and support local SMEs.
